Another scary story via Drudge Report asserting that the US is heading into a Depression. Yes, that’s right, not a recession but rather a depression.
The article states that the rising demand for food stamps is a good indication that things are rapidly heading downhill. According to the article, “Forty states are reporting increases in applications for the stamps, actually electronic cards that are filled automatically once a month by the government and are swiped by shoppers at the till, in the 12 months from December 2006. At least six states, including Florida, Arizona and Maryland, have had a 10 per cent increase in the past year.”
Although we’re not entirely privy to the backroom details, Sonoran Alliance would like to know just how bad things really are, especially in light of the Governor’s reaction to the State Treasurer, Dean Martin’s assertion that the State will run out of money within the next 30 days.
The Governor’s non-chalant attitude makes us wonder if there are details she would rather not reveal as she nears a potential exit to a national level post.
I’d hate to be Secretary of State Jan Brewer and inherit Napolitano’s crisis.
